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Latest figures from the innovative online payments system Ukash reveal that its pre-paid UkashOut card solution has recorded triple-digit transaction growth since August 2009 - an impressive feat over a six month timespan.
UkashOut is a card extension to the company's original service, which enabled online users to pay cash for vouchers from retail outlets, receiving secure voucher codes for use in online purchases and deposits in a number of sectors, including online gambling. This ingenious concept provides freedom from credit and debit card fraud, repudiations and charge-backs while also protecting the personal information of the user.  

Rushmore CasinoThe introduction of the prepaid UkashOut card was hailed as an innovative and straightforward way for operators to pay their customers, at the same time enabling the winning players to access their funds in a quick and easy way, regardless of how the original wager deposit was made.
The introduction of UkashOut has seen the take-up of cards develop rapidly, while load and unload transactions have risen by triple-digit percentages each month. UkashOut cards are issued to customers by gaming and gambling merchants, who benefit from increased loyalty as cardholders are directed back to these sites every time they top-up. Other operator advantages include reduced use of costly cheques, bank transfers and other traditional payout methods.
UkashOut is backed by MasterCard, offering users the convenience of widespread ATMs. In practical terms, the cardare issued by operators directly to customers, who then select the value they want to see withdrawn from their gaming account to the card. The cash is available for withdrawal almost immediately at an ATM or for use anywhere MasterCard is accepted, both offline and online worldwide. pioneered the use of the card in the gaming industry, working closely with UkashOut and initially issuing the cards to VIP customers free of charge. By adopting UkashOut, Chilipoker - which targets high rollers in 30 countries - enhanced its customer service and attracted new customers, increasing its retention rate.
UkashOut uses the existing Ukash integration, reducing the need for seperate resources and time, and making the adoption process easier through using a simple technical interface and a managed service. 
Alex Dreyfus, Chilipoker CEO, said: “Our company's brand has been growing among thousands of VIP players, thanks in particular to our ability to offer $16 million dollars in tournaments every month along with premium services like personalized reward programs, a store, plus free statistical tools and customer assistance.
"For a long time we have wanted to offer a debit card that allows customers to withdraw and deposit cash directly from a Chilipoker account. This project has finally come to fruition thanks to Ukash and Mastercard.”
Mark Chirnside, CEO of Ukash, commenting on the impressive six month growth of the new UkashOut business, said: “We are delighted but hardly surprised by the success of UkashOut. We studied the market carefully before we came up with the most convenient and reliable solution possible and were always confident that UkashOut would exceed the expectations of the industry and customers. UkashOut has major benefits to merchants, cost-effectiveness and reliability being the key ones, and we expect the growth to continue.”

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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